Real Madrid Juvenil A coach Daniel Poyatos Algaba is being linked with the top job at Panathinaikos.
Mundo Deportivo says Panathinaikos are keen to take Algaba to Greece for next season, with some local media sources reporting an agreement is already in place.
Algaba has been working at Real for the past four years and also worked as No2 to Jordi Cruyff at Maccabi Haifa.
Should he depart, former Real Madrid fullback Alvaro Arbeloa is expected to replace him as Juvenil A coach.
Real management are eager to find a place for Arbeloa in their coaching structure next season.